Watch live: Senate convenes hearing on affordability ahead of midterms
Summary
The Senate Banking Committee is holding a hearing to discuss the rising cost of living in the United States. Experts will give testimony about how inflation and higher prices, including gas costs affected by tensions with Iran, are impacting Americans before the upcoming midterm elections.Key Facts
- The Senate Banking Committee is meeting to talk about affordability.
- Cost-of-living concerns are increasing across the U.S.
- Inflation is currently at 4.2 percent, the highest it has been recently.
- Gas prices have risen partly due to the war in Iran.
- These economic issues are causing worry among voters.
- The hearing is taking place ahead of the midterm elections.
- Experts are testifying to explain the causes and effects of rising costs.
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